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John A.
12-27-2007 19:48:55
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Re: OT Medicare in reply to Leroy, 12-27-2007 17:53:12
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Leroy, Go to the SS. Office and enroll in Meicare Parts A & B! Then you will need a Suppliment, or Medigap plan to take care of the other 20% that Medicare doesn't cover. At this stage your current coverage can be used as your suppliment. If your wifes coverage, goes with her after retirement and it has a good drug program KEEP IT. If not then take a look at a Suppliment plan that will give you the best coverage for the best price,.....with the most guarentees....The Best Is Not Always Cheapest.
Leroy I am a Licensed Agent here in Texas. There are two types of policies Attained Age & Issue Age policies. All policies will adjust premiums based on Inflation. Some will also use Age.
Most companies will send you a Cost of Inflation & cost of New Age rate adjustment every year or two. I know on one where the Age factor is taken out of the equation in all areas, except when the policy is first issued. Like Phisicians Mutual! So the only rate adjustment is Cost of Inflation from year to year.
Now to answer your Question. You are asking about Part D. The drug porition, Which is best for you???? That depends on What drugs you take, Weather,,,, Namebrand or Generic, Cost/Month Etc, Etc. The P.M. Has 3 levels the middle lever has generally but noit always been the best for folks around here, Again a local P.M. agent can assist you. Not all states allow both, Texas does, So I can not speak to your specific State rules and regs, Go visit with a Phisicians Mutual agent in your area.
If you can't find one Hollar at me an I will locate one in your area 512-577-3837. I know there is a lot of info for you to digest here, but you need to be on top of this decision here or it could cost you big for a long time to come. Hope this helps.
Later,
John A.
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